• Register
Return to: Home > News > Steinhoff to appoint Mazars

Steinhoff to appoint Mazars

Steinhoff International revealed plans at the company’s AGM in Amsterdam on 30 August 2019 to replace its auditor Deloitte with Mazars. The company said it will hold an EGM to put the appointment of Mazars to the vote.

It was Deloitte's refusal to sign off on Steinhoff's accounts for 2017 that resulted in the disclosure of serious accounting irregularities. However, Deloitte had signed off previous years’ accounts which were also flawed and the firm’s South African operation is now under investigation. Steinhoff's former leadership is also under the spotlight.

PwC had been appointed to conduct an independent investigation managed by an independent Forensic Investigation Committee. An overview of PwC’s report was released on 15 March 2019 and its findings taken into account in preparation of the 2017 and 2018 audited financial statements. The results have also been shared with various regulatory agencies and further ongoing forensic work initiated, including investigating possible claims against third parties.

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.